Santander Bank Polska S.A. finances Newport Logistics Fund’s the in Zgierz
Newport Logistics Fund, a fund that invests in warehouse real estate, has secured bank financing for an ongoing logistics centre project in Lućmierz near Zgierz. Santander Bank Polska S.A. has supported the development of the two-building complex with a total area of 33,500 sqm.
Newport Logistics Fund is completing the constructions of first of two buildings within the logistics park in Zgierz. Later this quarter, the 6,300 sq m hall will be used by DPD, one of the largest courier companies in Europe. The cross-dock building will be one of the company's largest and most modern sorters in the country. Office and staff facilities will also be available to the tenant. The hall will be equipped with a number of sustainable solutions - including a photovoltaic installation and charging stations for electric cars - and will be BREEAM-certified at the Excellent level. Another warehouse developed as part of the complex will occupy more than 27,000 sq m.
- "The logistics park in Zgierz has already attracted DPD, one of the leaders in the courier industry, confirming the huge potential of this location - close to the A2 motorway and the Emilia junction. We are pleased that the attractiveness is also recognised by Santander Bank Polska S.A., which granted a loan for the realisation of this important investment for the region. The support of financial institutions indicates the continuing very strong position of the industrial property market, which is the speciality of the Newport Logistics Fund. This draws favourable prospects for further development in Poland and Europe," - says Szymon Ostrowski, managing director of the Fund.
Newport Logistics Fund is a Luxembourg-registered fund that operates throughout Europe. It finances, among other things, the development of a 23,400 sq m distribution centre in Almere, near Amsterdam, as well as the construction of a warehouse in the West London region (near London Heathrow), which will occupy 7,500 sq m of space.
Warehouses are bursting at the seams
A very interesting article in Puls Biznesu summarizing the warehouse market in Poland as well as analyzing what 2023 may bring.
- 4% of free warehouse space as of today according to Savills.
- 1-2% vacancy rate is projected in 2023 by Colliers.
- 30% less warehouses according to AXI IMMO Group (y/y) will be delivered in 2023 due to difficulties in obtaining financing.
- Rents increased by 20-30% in 2022 and further growth is expected (rents in Poland are still lower than in Western Europe by about 60%).
Source: Puls Biznesu
Newport Logistics Fund finances a prime West London last-mile logistics development
Newport Logistics Fund announces its newest investment project for a speculative 80,000 sq ft last-mile logistics development in the sought-after West London catchment.
The net zero carbon development is located approximately 4 km west of London Heathrow and close to junction 14 of the M25 on a 3.2-acre brownfield site. It is set for completion in Q2 2024. The facility will benefit from enhanced ESG credentials, including PV roof and be built to BREEAM ‘Excellent’ with an EPC A rating.
“This third project of our fund offers amazing supply chain opportunities with direct access to the London area," says Szymon J. Ostrowski, Managing Director of NEWPORT LOGISTICS FUND. “It is a location with a significant rental growth potential, as space for modern developments in the area is scarce.”
Newport Logistics Fund has recently announced financing a 25,000 sqm project near Amsterdam on top of the 32,000 sqm industrial facility in central Poland.
Newport Logistics Fund has taken patronage of the Polonia Warsaw basketball team. The fund proudly supports a club with nearly 100 years of tradition.
Newport Logistics Fund, a Luxembourg-based fund investing in warehouse real estate in Europe, is supporting Polish sport. The fund has become a patron of Polonia Warszawa - the men's and women's basketball teams. The teams have been in existence since 1925, and in their nearly 100-year history they have, among other achievements, won Polish Championships and for many years constituted the strength of Polish basketball.
Newport Logistics Fund plans to actively support various sports (including golf). The first formal cooperation established by the fund is a partnership with SKK Polonia Warszawa (women's basketball section) and KKS Polonia Warszawa (men's basketball section). The patronage will entail permanent financial support for both teams.
- "The choice of the Warsaw's Polonia basketball sections was not a coincidence. These are teams with great tradition, which are approaching their 100th anniversary. It will be the perfect time to relate to the biggest successes of both teams. It is a great feeling to be able to become a Patron of Polonia Warsaw Basketball, to support the team and its further history!" - says Szymon Ostrowski Managing Director of Newport Logistics Fund. The agreement between the company and the club will come into effect at the beginning of February this year.
"We would like to proudly celebrate the centenary together with a large number of patrons. That is why we are encouraging institutions and individuals to choose patronage today - a conventional form of sport support that simultaneously fulfils modern CSR and ESG objectives. We are delighted that the Newport Logistics Fund is joining our team. We hope that this will be a fruitful and long-term cooperation," says Łukasz Tusiński, president of both basketball sections of Polonia Warszawa.
Currently, the female team - SKK Polonia Warszawa - competes at the highest level of the competition in Poland, where they managed to reach 7th place last year. The men's section - KKS Polonia Warszawa - finished last season without defeat and was promoted to the 1st league. Polonia Warsaw Sports Club is one of the traditional symbols of Warsaw, Mazovia and Polish sport. It was founded in 1911, with the basketball section established 14 years later. Such Polish sportsmen and sportswomen as Irena Szewińska, Władysław Komar, Waldemar Marszałek and Władysław Szczepaniak come from Polonia.
2023 Newport Business Mixer
It was a pleasure to host business mixer for friends of our fund. Thank you for coming and witnessing our progress!
